Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$211,452$211,452$494,910
Remaining term (yrs)20.220.230.0
Secondary amount$0$283,458$0
Funding fee$0$0$0
Note rate4.130%4.130%7.400%
Blended rate4.980%6.567%7.640%
1st payment$1,282.23$1,282.23$3,426.66
2nd payment$0.00$1,830.67$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$187.29$187.29$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,094.43$3,925.10$4,150.56
Cash to close$338,448$54,990$54,990